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"the 1988 Act" means the Income and Corporation Taxes Act 1988[3];

"the Act" means the Pensions Act 2004;

"registered for tax purposes" in relation to a scheme, means registered in accordance with section 153 of the Finance Act 2004[4] (registration of pension schemes) or treated as registered by virtue of Schedule 36 of that Act (pension schemes etc: transitional provisions and savings);

"relevant public authority" has the meaning given in section 307(4) (modification of the Act in relation to certain categories of schemes); and

"tax approved scheme" means a scheme which is approved or was formerly approved under section 590 (conditions for approval of retirement benefit schemes) or 591 (discretionary approval) of the 1988 Act[5] or in respect of which an application for such approval has been duly made but has not been determined.

    (2) In these Regulations, unless otherwise stated, a reference to a numbered section is a reference to the section of the Act bearing that number.

Prescribed schemes
     3. For the purposes of sections 38(1)(b) and 52(1)(b) (schemes to which sections 38 (contribution notices) and 52 (restoration orders) do not apply), a prescribed scheme or a scheme of a prescribed description is - 

(a) a scheme which has never been a tax approved scheme or has never been registered for tax purposes;

(b) a public service pension scheme under the provisions of which there is no requirement for assets related to the intended rate or amount of benefit under the scheme to be set aside in advance (disregarding requirements relating to voluntary contributions);

(c) a scheme which is made under section 7 of the Superannuation Act 1972[6] (superannuation of persons employed in local government service etc.) which provides pensions to persons employed in local government service;

(d) a scheme which is made under section 2 of the Parliamentary and Other Pensions Act 1987[7] (power to provide for pensions for Members of the House of Commons etc.);

(e) a scheme in respect of which a relevant public authority has given a guarantee or made any other arrangements for the purpose of securing that the assets of the scheme are sufficient to meet its liabilities;

(f) a scheme which provides relevant benefits within the meaning of section 612(1) of the 1988 Act (interpretation) but which is not a relevant statutory scheme within the meaning of section 611A of the 1988 Act[8] (definition of relevant statutory scheme);

(g) a scheme - 


(i) which has been categorised by the Commissioners of the Board of Inland Revenue for the purposes of its approval, or registration, as a centralised scheme for non-associated employers,

(ii) which is not contracted-out, and

(iii) under the provisions of which the only benefits that may be provided on or after retirement (other than money purchase benefits derived from the payment of voluntary contributions by any person) are lump sum benefits which are not calculated by reference to a member's salary;



(h) a scheme - 



(i) the only benefits provided by which (other than money purchase benefits) are death benefits, and

(ii) under the provisions of which no member has accrued rights (other than rights to money purchase benefits);



(i) a scheme with such a superannuation fund as is mentioned in section 615(6) of the 1988 Act[9] (exemption from tax in respect of certain pensions);

(j) the Chatsworth Settlement Estate Pension Scheme; and

(k) the scheme established by the Salvation Army Act 1963[10].

Person of a prescribed description
     4. A person who is prescribed for the purposes of section 52(7)(a) is any person whom the trustees or managers of the scheme have authorised to enter into transactions involving the assets of that scheme.



Signed by authority of the Secretary of State for Work and Pensions.


Malcolm Wicks
Minister of State, Department for Work and Pensions

24th March 2005

[2] See section 317 of the Pensions Act 2004 which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of the provisions of that Act (other than Part 8). This duty does not apply where regulations are made before the end of six months beginning with the coming into force of the provisions of that Act by virtue of which the regulations are made.back

[3] 1988 c.1.back

[4] 2004 c.12; at the time of the coming into force of these Regulations section 153 had not yet been brought into force.back

[5] Section 590 was amended by section 35 of, and paragraph 18 of Part 1 of Schedule 3 to, the Finance Act 1988 (c.39); sections 75 and 187 of, and paragraphs 3 and 18(2) and (3) of Schedule 6, and Part 4 of Schedule 17 to, the Finance Act 1989 (c.26); sections 34(2) to (4), 36(2) and (3) and 123 of, and Part 5 of Schedule 19 to, the Finance Act 1991 (c.31); and section 79 of, and paragraphs 2(1) to (4) and (7) and (8) and 18(1) and (3) of Schedule 10 to, the Finance Act 1999 (c. 16). Section 591 was amended by section 146 of, and paragraph 6 of Part 1 of Schedule 13 to, the Finance Act 1988; sections 107(2) to (4) and 258 of, and Part 5 of Schedule 26 to, the Finance Act 1994 (c.9); sections 59(2) and 60(1) of the Finance Act 1995 (c.4); and section 79 of, and paragraphs (3)(a) and (b) and 18(1) and (3) of Schedule 10 to, the Finance Act 1999.back

[6] 1972 c.11.back

[7] 1987 c.45; section 2 was amended by section 2(1) of the Ministerial and Other Pensions and Salaries Act 1991 (c.5).back

[8] Section 611A was inserted by section 75 of, and paragraphs 15 and 18(1) of Schedule 6 to, the Finance Act 1989 (c.26), and amended by section 52(1) of, and paragraph 5 of Schedule 5 to, the Finance Act 1999 (c.16).back

[9] Section 615(6) was amended by section 79 of, and paragraph 11 of Schedule 10 to, the Finance Act 1999 (c.16) and has effect in relation to trust based occupational pension schemes established in respect of persons wholly employed in a trade or undertaking outside of the United Kingdom.back

[10] 1963 c.xxxii.back

 © Crown copyright 2005